Unused Paid Vacation Days at 40-Year High

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Arizona Company Outski Launches New Technology Solution for Untapped PTO: The 401(Play)™ Account

The U.S. Travel Association has announced an "unprecedented effort to motivate American workers to use more of the paid time off they have earned," which has the potential to funnel $160 billion in additional travel spending and support 1.2 million new jobs. Businesses are also beginning to see the benefits of vacation time as Arizona-based Outski introduces employers to a brand new Employee Benefit: The 401(Play)™ Account.

With a total of 169 million paid vacation days left unused in 2013 amounting to $52.4 billion in lost benefits, American corporations may be wrongly assuming that they benefit by this. “We want to help America make a change,” says Outski CEO Greg Nicholson. “Today’s most savvy business leaders can see the value of vacations for their employees in reduced stress, increased productivity, employee retention, fewer sick days, increased morale. The list goes on, and these unrealized benefits can improve the mental, physical, and financial health of those individuals, the companies that they work for, and potentially America as a whole.”

Outski’s employer sponsored 401(Play)™ program, which allows employees to set aside a pre-determined portion of each paycheck into their Vacation Savings Account (VSA), is the way Nicholson believes this change will happen. Outski supports these VSAs with its online platform that provides booking and planning tools to coordinate and socialize about an upcoming trip. Studies have shown that, in the weeks leading up to vacation, employees are happier than their non-vacationing counterparts as they look forward to a vacation. This is why Outski believes that the planning process of a vacation is so vital, and why they have created a tool that gets employees engaged and excited to plan trips.

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About Outski, Inc.: Founded on the belief that people should be able to travel and explore the world in order to experience what life has to offer, Outski is dedicated to helping anyone achieve a better work-life balance in a financially responsible manner. Outski’s technology combines aspects of a social media site, travel site and online bank into a unique platform designed help consumers achieve life goals related to travel by reducing the cost of travel, helping them to plan, save for and purchase travel, and to share and coordinate their goals with friends and family. In order to achieve a full-featured platform, Outski has partnered with companies such as Visa, Discover, Expedia, Amazon, Viator, G Tours, Sutton Bank, and Carnival Cruise Lines, and in May 2014, Outski debuted its online platform and iPhone app at TechCrunch Disrupt in New York. 401(play)™ is a registered trademark of Outski, Inc.

Contact: COO Mark Schmidt
Tel: 520-300-8666
Email: mark(at)outski(dot)com
Web: http://www.outski.com

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Mark Schmidt
Outski
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